iShares USD Ultrashort Bond UCITS ETF (ERND)

Profile

https://oci-global.com

The iShares USD Ultrashort Bond UCITS ETF is an exchange-traded fund that seeks to track the performance of the Markit iBoxx USD Liquid Investment Grade Ultrashort Index, comprising US dollar-denominated investment grade corporate bonds with very short maturities. Launched on 15 October 2013 and domiciled in Ireland, it provides diversified exposure to fixed and floating rate bonds across sectors including industrials, utilities, and financials, featuring top holdings such as Toyota Motor Credit Corp, Morgan Stanley, and Apple Inc. With a low total expense ratio of 0.09%, semi-annual distributions, and physical sampled replication, the ETF maintains an average weighted maturity of 0.59 years and effective duration of 0.39 years, emphasizing minimal interest rate sensitivity. Managing net assets around $2.2 billion, it holds 782 securities, offering liquidity and stability for investors seeking short-term USD bond market participation while registered in multiple European countries and listed on various exchanges. This structure positions it as a key tool for targeted fixed income allocation in global portfolios.